If we get 6 TH online, we have about ~10% of what ASICMINER has. Now go calculate what a Labcoin share is worth if it's worth 10% of ASICMINER. That would be over 0.01, triple what it is now.Trust me, if they start hashing, there is a lot of room to go up.

Now assuming a 25% APR as AM has shown us ( NOT assuming we will actually see this over a year, it's simply used to calculate present value) , that puts the share value at .0056

Expect .0056 to be the "BASE" share price before further development anticipation and speculation becomes a factor. Anywhere between .0056 and .01 is likely in the short term.

VE, this calculation doesn't account for any increase in difficulty... You of all people know better than to discount any rise in network difficulty...

( NOT assuming we will actually see this over a year, it's simply used to calculate present value)There was a reason I said this. I was directly relating PRESENT APR % to share price value, as that is how AM share price is currently set at.. REAL APR% could be WAY lower. As far as determining share price value, AM has reflected a 25% PRESENT APR, not a 25% REAL APR. So we relate this to labcoin share price valuation

If we get 6 TH online, we have about ~10% of what ASICMINER has. Now go calculate what a Labcoin share is worth if it's worth 10% of ASICMINER. That would be over 0.01, triple what it is now.Trust me, if they start hashing, there is a lot of room to go up.

I'm pointing out that he isn't accounting for hardware sells.

Well, LC plans on doing hardware sales the same way. So if I'm calculating with "we're going to get at least 1/10th as big as AM", I account for that too.

We went ahead and posted this as soon as possible. We are looking into having the founders account somehow monitored or under Burnsides oversight.

Reg.

News

Regarding shares owned by the Labcoin founders and developers.

Due to inquiries LABCOIN has received from investors, the founders and developers involved in the LABCOIN project has decided to voluntarily lock in 75% of all shares owned by the LABCOIN core team for 12-months.

This means that no founder or developer owning shares in LABCOIN will sell an excess of 25% of their shares for at least 365 days from today's date.

This is being publicly announced to set to rest any concern that the LABCOIN team has any interest in liquidating their holdings in the project.

Q: Why not lock in 100%?A: Simply because we feel that it is only fair to allow the members of the LABCOIN team that wishes to sell smaller portions of their ownership should they need some Bitcoin for any unforeseen expense during the first year of operations.

- The founders could turn on their public portfolios and publish a list of url's where the shares are held.- (with Labcoin's consent) if they send us a list of accounts that are holding the shares we can lock the accounts and publicly state the number of shares effectively "in escrow".

small update----------------------------------------An image has been uploaded to labcoins SZICC portal, supposedly of some sample chips and PCB undergoing QA and hashing test vectors Looks like the power consumption is 0.3w per chip higher than predicted

small update----------------------------------------An image has been uploaded to labcoins SZICC portal, supposedly of some sample chips and PCB undergoing QA and hashing test vectors Looks like the power consumption is 0.3w per chip higher than predicted

small update----------------------------------------An image has been uploaded to labcoins SZICC portal, supposedly of some sample chips and PCB undergoing QA and hashing test vectors Looks like the power consumption is 0.3w per chip higher than predicted

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Bitcoin price is in a bubble, when the price goes down the labcoin price in theory should shoot way up due to increased liquidity. Right now people are buying their Bitcoins from MtGox and they are paying $130. Good luck for buying shares with ridiculous prices like that.